Category: Events

  • Three start-ups awarded at the 2nd edition of the international ceremony of the Orange Summer Challenge in Casablanca, Morocco

    Three start-ups awarded at the 2nd edition of the international ceremony of the Orange Summer Challenge in Casablanca, Morocco

    Orange Summer Challenge: three months to turn an idea into a start-up

    Created in 2011, the Orange Summer Challenge (OSC) is the flagship event of the network of Orange Digital Centers in Middle East and Africa (www.Orange.com). Its objective is to inspire young people to develop technology start-ups for the common good. The 2025 edition ended in Casablanca with an international ceremony that rewarded three promising projects.

    For more than three months, 282 young innovators and entrepreneurs from 14 countries benefited from intensive support combining training, mentoring and coaching provided by experts from Orange and its partners: AWS, EY and NOKIA. Together, they have developed 57 start-ups on the Tech4Impact theme, offering solutions to the region’s environmental, health, educational and agricultural challenges.

    A second international ceremony highlighting three impact start-ups

    The award ceremony, held on February 20, 2025 in Casablanca, revealed the three winning start-ups, selected by an international jury and the votes of Orange employees in Middle East and Africa. The event brought together professionals, partners, media and stakeholders from the entrepreneurial and academic ecosystem. The winners of this edition are:

    • 1st prize: Plastikoo (Madagascar) – Transforming plastic waste into sustainable building materials, reducing pollution while promoting the sustainable development of local communities.
    • 2nd prize: MEPS (Tunisia) – IoT-integrated solution to convert organic waste into clean biogas and fertilizer, contributing to the energy transition.
    • 3rd prize: Leevlong (Cameroon) – A medical remote monitoring device that allows real-time monitoring of vital signs, thus improving the management of patients.

    The winners will receive financial, technical and commercial support from the Orange Digital Centers and their partners. NOKIA will award €40,000 to fund pre-incubation and incubation projects, while Orange will offer a €20,000 prize to support young talent engaged in these impactful initiatives.

    Brelotte Ba, Deputy CEO of Orange Middle East and Africa, praised the evolution of the Orange Summer Challenge and the involvement of young people“For 15 years, the Orange Summer Challenge has accompanied thousands of young talents in their entrepreneurial adventure. This new edition once again illustrates the capacity of African and Middle Eastern youth to innovate and respond to the societal challenges of our continent. Congratulations to the winners and all participants for their commitment and creativity.”

    Sarobidy Nombatsitoha, Founder of Plastikoo, the first-prize winning start-up, expressed his joy and gratitude: “A dream come true! When I imagined Plastikôo, I never thought that this project would go so far. We put all our heart, gave our best, without really expecting such a result. With so many beautiful projects, this victory is a great source of pride. Congratulations to my team!”

    Orange, a committed player for technology entrepreneurship and digital inclusion

    True to its mission of digital inclusion and innovation, Orange develops training and support programmes to promote youth employment and the development of start-ups in Africa and the Middle East. The Orange Social Ventures in Middle East and Africa (OSVP) has supported impact entrepreneurship since 2010 with 55 major winners. The Orange Digital Center program, which will celebrate its 15th anniversary in 2025, has already trained 1.2 million beneficiaries free of charge in the region and supported hundreds of start-ups.

    Distributed by APO Group on behalf of Orange Middle East and Africa.

    Press contact:
    Stella Fumey stella.fumey@orange.com
    Anita Oyono anita.oyono@orange.com

  • Ghana’s Mining in Motion Summit Gains Support from Key Leaders

    Ghana’s Mining in Motion Summit Gains Support from Key Leaders

    Otumfuo Osei Tutu II, King of the Ashanti Kingdom; Hon. Emmanuel Armah Kofi Buah, Minister of Lands and Natural Resources of Ghana; and Oheneba Kwaku Duah, the son of Otumfuo Osei Tutu II and Managing Director of the Ashanti Green Initiative recently met to discuss the upcoming Mining in Motion Summit in Ghana.

    They explored the summit’s potential to improve the artisanal and small-scale gold mining (ASGM) sector in Ghana and the role of government, international partners and major mining firms in accelerating the sector’s growth. Hon. Kofi Buah endorsed the event, emphasizing its significance in connecting small-scale miners with technology providers, financiers, regulatory bodies and global industry stakeholders to improve their operations and impact.

    Organized by the Ashanti Green Initiative along with the World Bank, the World Gold Council and other international partners, Mining in Motion will take place from June 2 – 4 in Accra.

    The summit is held under the theme Sustainable Mining & Local Growth – Leveraging Resources for Global Impact, uniting key decision-makers, including H.E. John Dramani Mahama, President of the Republic of Ghana, as well as representatives from public and private sector mining institutions from South Africa, the Republic of Guinea, the African Union, ECOWAS and the United Nations.

    The three-day event will highlight the role of traditional authorities in shaping artisanal and small-scale mining practices, emphasizing the sector’s contribution to employment and economic growth. In 2024 alone, Ghana’s artisanal miners generated $5 billion in foreign exchange earnings through gold exports. Providing direct employment for over one million Ghanaians and accounting for 35% of domestic gold output, the sector has the potential to significantly shape socioeconomic development in the west African country.

    As Ghana’s mining sector increasingly supports sustainable development, the Mining in Motion Summit will highlight best practices for integrating ASGM into the global financial system. Representatives from prominent international financing organizations will share their insights.

    In a significant move to boost earnings for small-scale miners, Ghana has announced plans to establish a Gold Board. This new entity will simplify the process of purchasing gold from small-scale miners, providing them with easier access to global markets.

    With Samuel Adu Gyamfi, who was appointed Acting Managing Director of Precious Minerals Marketing Company last month and tasked with setting up the Ghana Gold Board, playing a pivotal role in shaping the summit, Mining in Motion is set to have a sizable impact on the growth of Ghana’s gold sector.

    Through a series of high-level panel discussions, deal signings, project showcases and exclusive networking, Mining in Motion serves as the ideal platform to connect Ghanaian miners with regional counterparts and global investors for forge industry-changing partnerships.

    Stay informed about the latest advancements, network with industry leaders, and engage in critical discussions on key issues impacting ASGM and medium to large scale mining in Ghana. Secure your spot at the Mining in Motion 2025 Summit by visiting https://MiningInMotionSummit.com/. For sponsorship opportunities or delegate participation, contact sales@ashantigreeninitiative.org.

    Distributed by APO Group on behalf of Energy Capital & Power.

    SOURCE

    Energy Capital & Power

  • Charting the Future of Islamic Finance in Russia:CIBAFI and TIDA Host Strategic Session and Training Programme

    Charting the Future of Islamic Finance in Russia:CIBAFI and TIDA Host Strategic Session and Training Programme

    The General Council for Islamic Banks and Financial Institutions (CIBAFI), in collaboration with the Tatarstan Investment Development Agency (TIDA), successfully hosted a high-level strategic session titled “Prospects for Islamic Finance in the Russian Federation” in Kazan, Tatarstan.

    Dr. Belatik stated: “Islamic finance has strong growth potential, and collaboration between Russia and countries where it is well established can accelerate its development. It offers opportunities for economic growth by supporting real economic activities and promoting ethical finance. CIBAFI remains committed to this progress through advocacy, capacity building, and industry engagement. By strengthening human capital and refining regulations, we can drive sustainable growth that benefits the financial sector and the broader economy”

    Ms. Minullina stated: “Our companies are actively working with Islamic countries, and while the use of Islamic financial instruments is still in its early stages, there is noticeable progress and significant potential for growth. It is crucial for us to establish a comprehensive infrastructure to accelerate this process. Today, we have launched a new training phase aimed at deepening the knowledge of our specialists and enhancing their capabilities for the future development of Islamic banking in Russia. It is important to note that this training is conducted by global experts with international professional standards.”

    Following the opening remarks, Dr. Belatik provided a briefing on CIBAFI’s activities, emphasizing its role in advancing Islamic finance through advocacy, research, and capacity-building initiatives. The session then featured a panel discussion, where experts examined key challenges, opportunities, and regulatory considerations for the industry’s growth in Russia.

     

    As part of its ongoing efforts, CIBAFI also launched a three-day Orientation Programme in Islamic Finance, offering a comprehensive understanding of Islamic finance principles, key financial products, and Shariah-compliant structures. The programme, facilitated by Dr. Ayman Sami Homoud, Group Chief Executive Officer, FEH Consulting combined theoretical knowledge with practical applications in Islamic finance, addressing emerging trends and regulatory developments.

     

    In conjunction with the strategic session and training programme, Dr. Belatik held a productive meeting with H.E. Rustam Nurgaliyevich Minnikhanov, President of the Republic of Tatarstan, in Kazan. The meeting was also attended by Ms. Taliya Minullina, CEO of the TIDA, who represented the interests of the region’s investment and development initiatives. Discussions focused on key initiatives and potential avenues for collaboration in supporting Islamic finance and raising public awareness. The meeting concluded with strategic plans set to be implemented in the coming period.

     

    This initiative reaffirms CIBAFI’s commitment to strengthening Islamic finance globally through capacity-building and industry collaboration.

    SOURCE

    CIBAFI

  • Potential of Kings and Chiefs as Stakeholders in Development

    Last year’s historic visit by H.R.M.,the Yogbonwura(King of the Yogboun or Gonja Kingdom),Savannah Region, to the Dagbon Kingdom, Northern Region of Ghana which was reciprocated by its King,H.R.M.,the Yaa Na,tends calls for a rethinking of the position of Kings and Chiefs collectively  as potential stakeholders within the context of our national economic development paradigm

    Key Takeaways

    The benefits of the two royal visits included engendering of mutual respect and  peaceful co-existence between the two Kingdoms ,opportunity for addressing the boundary disputes between the two Kingdoms through dialogue and peaceful means .

    The call of His Royal Majesty, the Yogbounwura on the youth of the two Kingdoms to foster meaningful engagement for development was yet a most important takeaway. Granted the passion and importance the two Kings have attached to the fostering of mutual respect and  peaceful co-existence between their two Kingdoms, the issue of sustainability becomes crucial. The involvement of the youth in the two Kingdoms is the right way to go as they are the future traditional leaders.

    Annual Conference of Kings and Chiefs in Northern Ghana Proposal

    The Yogbounwura during his historic visit to Dagbon last year had  proposed the establishment of an annual conference of Kings and Chiefs in Northern Ghana to focus on the collective developments of the territory.

    That was laudable and couldn’t have come at a better time than this. That traditional rulers and their people shouldn’t rest entirely on the responsibility of central governments alone  to bring development to the Northern sector ,but should also play important  complementary roles ,cannot be overemphasized.

    To this end the people of the Northern Sector need a unified front to enable them leverage their collective strength for contributing towards addressing their  age-long common problem of the North-South poverty ,education and development gap which is a major underlying factor to the Northern youth migration to the south.

    Putting the collective strength of the people of the North to productive use for shared prosperity and development is not only in the collective interest of the people, but the cumulative impact of their collective efforts, would also impact the gross national economy most positively.

    Yogboun,Dagbon,Mamprugu,Nanun and other parts of the Northern sector collectively accounts for  a sizable chunk of Ghana’s total arable land which could be put to more productive use for commercial rice and other crops  production. This could  save the country from the needless annual rice and agricultural products bill that also contributes to putting  pressure on the local cedi.

    The putting in place of a Northern sector Special Purpose Vehicle(SPV) like is being proposed would offer multiple benefits. These could  include, internal conflict resolution as well as prevention via, fostering intra-ethnic harmony peaceful co-existence, addressing problems and  misunderstandings through dialogue rather than through needless armed conflict, that tend to periodically put the North in the news, albeit for the wrong reasons.

    To this end,the call on their Royal Majesties,Ndan Yaa Na,Mahama Abukari II,King of Dagbon Kingdom and Bi-Kunuti Jewu Soale,the Yogounwura(King of Yogboun or Gonja Kingdom) by the Savannah Regional Minister,Mr.Salisu Bi-Awuribe to use their influence to solve the long standing chieftaincy crisis in Bawku,Upper East Region ,was another most important takeaway.

    Intra-ethnic conflicts in the Northern sector has over time  given it a negative image not only in international investor circles, but also, in local investor circles and the decades  North-South  Foreign Direct Investment(FDI) parities speaks for itself.

    Harnessing the potential of Kings and Chiefs across the country to play a more  important contributive role as local development stakeholders within the context of our  national economic development agenda, ought to be taken   seriously just as we  take the contribution of our foreign development partners.

  • African ministers hold strategic dialogue on visa-free movement to propel regional integration agenda for Africa’s Transformation

    African ministers hold strategic dialogue on visa-free movement to propel regional integration agenda for Africa’s Transformation

    ADDIS ABABA, Ethiopia, February 19, 2025/ — On the sidelines of the 38th African Union Summit, African leaders discussed obstacles to the continent’s economic integration, underscoring visa-free movement to reduce illegal migration and strengthen official travel channels.

    The high-level dialogue, convened by the African Development Bank Group and the African Union Commission alongside the AU Summit, brought together trade ministers and business leaders who pointed to Rwanda’s experience as evidence that open borders enhance, rather than compromise, security.

    African Development Bank Group Vice President for Regional Development, Integration and Business Delivery Nnenna Nwabufo expressed the Bank’s continued commitment to supporting the acceleration of visa-free movement across the continent.

    “We do it for its promise to transform Africa and to create prosperity,” she noted. “In fact, the goals of our new Ten‑Year Strategy (2024–2033) are designed around seizing Africa’s opportunities for a prosperous, inclusive, resilient, and integrated continent.”

    In his keynote address, Albert Muchanga, Commissioner for Economic Development, Trade, Tourism, Industry and Minerals at the African Union Commission, outlined four priority areas to open up the continent.

    They include liberalizing the movement of categories of people critical for trade in goods and services, implementing the Strategic Framework on Key Actions to Achieve Inclusive Growth and Sustainable Development in Africa, advancing to the next stage of African economic integration, particularly the African Common market, as envisaged under the 1991 Abuja Treaty, and establishing the appropriate facilitation measures, whether soft or hard infrastructure, to facilitate free movement of persons.

    Commissioner Muchanga stressed the need to make more progress on some continental projects, such as the trans-African highways (Cairo to Cape and Dakar to Mombasa), to facilitate free movement of persons.

    Presenting the “State of play in visa-free movement in Africa,” which featured findings from the latest edition of the AfricaVisa Openness Index, AVOI, Principal Regional Integration Coordinator at the African Development Bank’s Regional Integration Coordination Office, Ometere Omoluabi-Davies, highlighted the progress made by some countries regarding opening up their borders for Africans.

    The presentation reported that 39 African countries have improved their scores since 2016, indicating that visa openness across Africa is at its highest level since the inception of the index. Despite this inspiring trajectory, it was observed that there is still much room for progress to facilitate the unrestricted mobility of Africans within the continent.

    Rwanda Minister of Trade and Industry Prudence Sebahizi shared his country’s experience and economic gains from implementing a visa-free regime.

    “Rwanda does not agree with the usual excuse of security threats that accompany visa-free discussions because what is important is to invest in the systems, security, governance, monitoring,” he declared.

    “In the end, people who travel for tourism and business will always use the official channels such as the borders and airports. This means the policy itself cannot contribute to security concerns but rather solve the issue of smuggling and illegal migration.”

    The event featured roundtable discussions in which Africa’s policymakers and business leaders shared insights on implementing visa-free movement across the continent. With a resounding call to action, African Union’s Youth Envoy, Chido Mpemba, emphasized that the interconnectedness of young people through social media and the internet enables experience sharing and cross-border collaboration. She noted that this was critical for building the social and cultural integration needed to create a shared African identity.

    The session concluded with a joint announcement of the 2025 Visa-Free Roadshow by Dr. Joy Kategekwa, Director of the Regional Integration Coordination Office of the African Development Bank Group, and Dr. Sabelo Mbokazi, Head of Employment, Labor and Migration Division of the African Union Commission.

    This roadshow aims to sustain advocacy and mobilize action for visa openness and free movement within Africa’s broader regional integration agenda to deliver better results for all Africans.

    Distributed by APO Group on behalf of African Development Bank Group (AfDB).

    Contact: 
    Betty Baisiwa Dowuona-Hammond
    Communication and External Relations Department
    media@afdb.org

  • The Djibouti Forum returns for its second edition:a unique platform for investment and dealmaking in Africa

    The Djibouti Forum returns for its second edition:a unique platform for investment and dealmaking in Africa

    Djibouti City, Djibouti – 19 February 2025–The second edition of the Djibouti Forum, under the theme “Unlocking opportunities for regional and global growth”, will take place from the 6th to the 8th of April 2025.

    Organised by the Fonds Souverain de Djibouti (Sovereign Wealth Fund of Djibouti), this landmark gathering seeks to positively shape the African agenda while highlighting the Horn of Africa’s pivotal role as a catalyst for growth and development in the region.

    Positioned at the crossroads of Africa, the Middle East, and Asia, the eastern corridor of Africa is emerging as a powerhouse of innovation, trade, and development. The Djibouti Forum 2025 builds on this momentum to offer a unique platform for economic transformation.

    Through the visionary leadership of Djibouti policymakers, the Forum aims to identify and showcase investable opportunities in the region and across Africa, advance strategic partnerships and dealmaking and explore innovative solutions to drive sustainable growth across priority sectors.

    “Our Strategic Vision 2035 is to consolidate our role as a port and digital hub while diversifying our economy, promoting inclusive prosperity and strengthening our position on the international stage” stated HE Ismail Omar Guelleh, President of the Republic of Djibouti.

     “Djibouti is also promoting regional integration and helping to strengthen AfCFTA to stimulate economic growth and sustainable development in Africa and the Djibouti Forum stands as a critical platform for accelerating business opportunities across our region and the continent.”

    Following a successful first edition that gathered 46 expert speakers and representations from 280 institutions with a collective US$2.5 trillion in assets under management, the Djibouti Forum will return for a second time with an unparalleled network of policymakers, financiers, institutional investors, and industry leaders, to bring forward impactful dialogue and transformative opportunities.

    Bringing together key stakeholders, the Forum will serve as a gateway for dialogue, collaboration, and concrete action toward shaping the continent’s future. The objective of this strategic meeting is to deliver valuable insights and foment discussions on future megatrends and macroeconomic outlooks while tapping into new opportunities.

    Over 50 speakers will delve into critical themes shaping global markets, including public-private partnerships (PPPs), domestic resource mobilisation, and sector-specific insights spanning energy, logistics, hospitality, telecoms, technology and digitisation.

    Investors and policymakers will explore the favorable prospects offered by ports and new trade corridors in creating value chains while leveraging partnerships and alliances to further strengthen regional and continental integration.

    The Djibouti Forum connects decisionmakers, investors and developers to drive actionable outcomes and make an impact. This premier event presents a unique opportunity for high-level networking. Participants can access the full agenda and register directly on the Djibouti Forum website

    SOURCE

    The Djibouti Forum

  • More than 170 Countries to Participate in AIM Congress 2025 in Abu Dhabi Next April

    More than 170 Countries to Participate in AIM Congress 2025 in Abu Dhabi Next April

    Abu Dhabi, UAE, February 19, 2025: More than 170 countries have confirmed their participation in the AIM Congress 2025 International Exhibition, taking place as part of the congress’s fourteenth edition at the Abu Dhabi National Exhibition Centre from April 7 to 9.

    Under the theme “Mapping the Future of Global Investment: The New Wave of a Globalized Investment Landscape – Towards a New Balanced World Structure”, the event aims to redefine investment trends and drive economic growth.

    AIM Congress 2025 presents a unique opportunity for entrepreneurs, companies, investors, and governments to showcase ambitious projects, exchange insights, and forge strategic partnerships that enhance investments across diverse sectors.

    With an expected attendance of over 25,000 participants from around the world, the congress serves as an unmatched platform for financing opportunities, business expansion, and high-level networking with key decision-makers in the global investment landscape.

    The international AIM exhibition highlights sustainable development opportunities in the UAE and globally by showcasing innovative projects and initiatives, fostering job creation, and strengthening collaboration among participants to drive balanced economic growth in an era of accelerating challenges.

    The exhibition is dedicated to promoting foreign direct investment and exploring practical strategies to attract investors to various economic sectors. It is structured around eight key portfolios:

    • Foreign Direct Investment (FDI): Your Gateway to Global Growth
      International investors and startups will gain insights into the latest regulations, assess the impact of geopolitical factors on capital flows, explore emerging markets, and identify new investment destinations within a highly advanced and supportive business environment.
    • Global Trade: Maximizing Profits Across International Markets
      Exporters and importers will benefit from discussions on smart supply chains, trade finance solutions, and modern customs regulations, enabling them to expand their businesses and leverage strategic partnerships.
    • Startups and Unicorns: Incubating Innovation and Expansion
      Startups and ambitious investors will have the opportunity to connect with venture capitalists and financiers, present their ideas to global investors, explore the latest funding strategies, and learn from the success stories of unicorn companies valued at over $1 billion.
    • Future Cities: Building Smart and Sustainable Communities
      Engineers, real estate developers, and policymakers will explore practical solutions for smart infrastructure, renewable energy, and sustainable mobility, unlocking significant investment opportunities in urban planning and construction.
    • Future Finance: Preparing for the Next Financial Revolution
      Financial institutions and investors will gain valuable insights into evolving banking systems, digital financial transactions, and the future of fintech through engagement with industry leaders.
    • Global Manufacturing: Boosting Productivity with Advanced Technology
      Industrial companies and manufacturers will discover ways to enhance productivity, integrate smart manufacturing technologies, and optimize operational efficiency.
    • Digital Economy: Seizing Opportunities in the Virtual World
      The exhibition will bring together government agencies, tech firms, and investors to explore emerging trends in artificial intelligence, e-commerce, and cloud services, ensuring participants remain at the forefront of digital transformation.
    • Entrepreneurs: Driving Growth for SMEs
      SMEs will have the chance to present their innovative projects to global investors, participate in educational workshops, and gain expertise in financial management, digital marketing, and international expansion strategies.

    AIM Congress 2025 continues to serve as a premier platform for fostering global investment opportunities, facilitating knowledge exchange, and driving sustainable economic development.

    For more information, please visit: https://www.aimcongress.com

     

     

  • Islamic Finance Expands Africa’s Energy Investment Landscape, Strengthening Arab-African Cooperation

    Islamic Finance Expands Africa’s Energy Investment Landscape, Strengthening Arab-African Cooperation

    PARIS, France, February 17, 2025/ — Africa’s energy sector is seeing growing interest from Islamic financial institutions, as demonstrated by the recent $400 million Murabaha financing secured by Africa Finance Corporation (AFC).
    This transaction not only underscores the growing role of Islamic finance in Africa’s infrastructure development, but also highlights significant opportunities for deeper financial cooperation between Arab and African nations in the energy sector.

    The strong demand for AFC’s facility, which attracted 11 Islamic financial institutions – including Abu Dhabi Islamic Bank, Al Rajhi Bank and Emirates Islamic Bank – signals growing appetite among Middle Eastern banks to engage in Africa’s development.

    The facility, upsized from an initial $300 million due to high investor interest, reinforces AFC’s strategy to diversify its funding base and aligns with broader efforts to expand energy investment partnerships between Arab and African countries.

    Islamic finance is emerging as a key source of funding for Africa’s energy sector, particularly for large-scale infrastructure projects. The Murabaha financing structure used in AFC’s deal aligns with Sharia principles, offering an attractive and ethical investment vehicle for Middle Eastern and North African financial institutions seeking exposure to African markets.

    This move complements AFC’s recent $500 million hybrid bond issuance and the corporation’s ongoing efforts to attract diverse capital sources, including potential Panda bonds in China.

    Opportunities for Arab Investment in Africa’s Energy Future

    The increasing participation of Islamic banks and financial institutions presents a strategic opportunity for Middle Eastern nations to play a larger role in Africa’s energy transition.

    Countries such as the UAE, Saudi Arabia and Qatar have well-capitalized financial institutions and sovereign wealth funds that can accelerate Africa’s energy infrastructure expansion, particularly in natural gas, renewables and power generation.

    Arab nations already have a growing footprint in Africa’s energy sector. The UAE’s Masdar has been investing in renewable projects across North and sub-Saharan Africa – committing $10 billion to deliver 10 GW of clean energy capacity in Africa by 2030 – while Saudi Arabia’s ACWA Power has been involved in developing solar and desalination projects across the continent.

    QatarEnergy has been actively advancing hydrocarbon exploration in Africa, expanding its interests in Namibia’s offshore Orange Basin, while ADNOC has strengthened its footprint by acquiring a 10% stake in the Area 4 concession of Mozambique’s Rovuma Basin.
    However, there remains significant untapped potential for Arab-African cooperation, particularly in financing LNG terminals, gas-to-power projects and oil and gas exploration. Countries like Egypt, Algeria and Libya, which straddle both regions, can serve as financial and logistical bridges between Middle Eastern investors and African energy markets.

    The Role of Energy-Focused Islamic Finance

    The AFC’s Murabaha financing comes at a time when global Islamic finance is experiencing sustained growth, with assets expected to see high single-digit expansion through 2025, according to S&P Global Ratings.

    This growth is supported by strong balance sheets, high profitability and increasing regulatory backing. The surge in Islamic finance presents a timely opportunity for African energy projects, which require significant capital investment to meet the continent’s growing energy demand.

    One of the major advantages of Islamic finance is its alignment with sustainable investment principles, making it particularly attractive for funding Africa’s energy transition.

    In addition to AFC’s investment in renewable energy ventures such as Xlinks’ renewable energy initiative and the expansion of Lekela Power’s 3 GW capacity target, Islamic financial institutions could extend their involvement to Africa’s gas sector, which is viewed as a transitional fuel to bridge the energy gap.

    Strengthening Arab-African Partnerships at IAE 2025

    The increasing role of Middle Eastern finance in Africa’s energy sector will be a critical focus at the upcoming Invest in African Energy (IAE) Forum in Paris this May.

    Serving as the premier African energy project showcase outside of the continent, IAE 2025 provides a space for African governments, investors and key financial players from the Middle East to explore new partnerships and drive investment in gas, LNG and broader energy infrastructure projects.
    By tapping into Islamic finance, African countries can secure critical capital to accelerate its energy development. At the same time, Arab nations stand to benefit from deeper economic integration with Africa, gaining access to new markets and resources. The AFC’s successful Murabaha financing serves as a strong indicator that the time is ripe for greater energy sector collaboration between Africa and the Middle East.

    IAE 2025 (http://apo-opa.co/4hC0kAA) is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 13-14, 2025 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit www.Invest-Africa-Energy.com. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

    Distributed by APO Group on behalf of Energy Capital & Power.

    SOURCE

    Energy Capital & Power

  • African Mining Week (AMW) to Showcase Africa’s Rising Investment Potential in the Mining Sector

    African Mining Week (AMW) to Showcase Africa’s Rising Investment Potential in the Mining Sector

    International investments in Africa’s mining sector are surging as global demand for both traditional and emerging minerals continues to grow. For example, Australian mining firms saw their asset value in Africa reach $60 billion in 2024, while Canadian firms’ assets climbed to $37 billion.
    China also launched an ambitious $50 billion, three-year investment strategy targeting increased stakes in Africa’s most lucrative opportunities including in the mining sector.
    This was contained in a recent official statement issued by Energy Capital Power

    The upcoming African Mining Week Summit, scheduled for October 1 – 3 in Cape Town, the statement disclosed,will highlight profitable opportunities within Africa’s mining industry and reinforce the continent’s attractiveness as an investment destination for global mining financiers.

    Untapped Mineral Deposits

    Africa’s vast, untapped mineral resources present potential for new investments. The continent holds 30% of the world’s critical minerals (https://apo-opa.co/3ClkUGd) essential for the energy transition, including the largest global reserves of cobalt (in the Democratic Republic of Congo) and over 80% of the world’s platinum group metals in South Africa. The continent accounts for more than 44% of global diamond production, while its share of the gold market continues to grow, with markets such as Ghana, Mali and Zimbabwe ramping up production.

    Supportive Policies and Investor-Friendly Terms

    African governments are enhancing the investment climate within the mining industry by enacting new policies and modernizing fiscal terms to streamline processes and reduce delays in project rollouts. Zambia, for instance, introduced a New Mining Tax Regime in 2023, improving transparency and reducing tax evasion, as the country targets a copper production target of three million tons by 2032.

    Mali has also experienced increased investment flows following its 2023 Mining Code, with global players such as HummingGold, B2Gold and Ganfeng committing to new lithium and gold projects. Malawi has also taken steps to attract investments by launching its Mining Regulatory Authority in October 2024, supported by the Mines and Minerals Act of 2023.

    Improved Mining and Export Infrastructure

    African nations are enhancing cooperation with global partners to improve mining production and mineral transportation infrastructure. For example, investment firm Africa Finance Corporation has announced that the Zambia-Lobito Railway project will commence (https://apo-opa.co/3Q0RcJL) construction in early 2026, to facilitate the efficient and cost-effective transportation of critical minerals from East and Southern Africa to global markets.

    Upgrades to the Tanzania-Zambia Railway (https://apo-opa.co/3PXFeAE) and South Africa’s modernization of ports through freight operator, Transnet, are further enhancing the region’s mining investment prospects.

    Rich Mining History

    Africa’s established history as a global mining hub has fostered the development of key infrastructure and a skilled workforce that international mining firms rely on to meet global mineral demand. Mining remains a cornerstone of many African economies, attracting both traditional and emerging players keen to expand their operations and leverage the continent’s resources. With its rich deposits and ongoing improvements in policy and infrastructure, Africa maintains its position as a key investment destination for the global mining industry.

    African Mining Week will serve as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energy 2025 conference (https://apo-opa.co/4htJMdI) from October 1 -3. in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com

    Distributed by APO Group on behalf of Energy Capital & Power.

    SOURCE

    Energy Capital & Power